12-03-2004, 04:13 AM
hmmmmmm ... STRANGE .
discussion is going on well... i think , in my point of view( may be i am wrong) that HUMAN may be an asset or employee of the organization, based on the judgement and definition of asset.But in this example( mentioned by sajjad ),HUMAN will be treated as an asset. SAM .... u said that asset must be owned, tu yes dear asset must be owned in that example but the life of this asset(ROONEY) is just five yrs(according to the length of agreement)..Simply assets are the Revenue generating product. If Manchestor dont agree to ROONEY then perhaps future economic benefit will not flow to the enterprice by Grounds,Buildings,Material or whatever u mentioned ... agree..??
<BLOCKQUOTE id=quote><font size=1 face="Verdana, Tahoma, Arial" id=quote>quote<hr height=1 noshade id=quote>Now if You just take the example of Football Players they wont be Assets of the Enterprise (club or team)they would be considered as Employees and the money they take for the YEARS period would be considered as Prepaid Salary Expense, that would certainly become expense with the period of time.<hr height=1 noshade id=quote></BLOCKQUOTE id=quote></font id=quote><font face="Verdana, Tahoma, Arial" size=2 id=quote>
further more .. would u like to define me that what is the nature of PREPAID SALARY ....???????
chalo .... theek hai maan liaa k it is prepaid salary .. but this prepaid salary is considerd to be as a LONG TERM ASSET.
ASIF ALI
discussion is going on well... i think , in my point of view( may be i am wrong) that HUMAN may be an asset or employee of the organization, based on the judgement and definition of asset.But in this example( mentioned by sajjad ),HUMAN will be treated as an asset. SAM .... u said that asset must be owned, tu yes dear asset must be owned in that example but the life of this asset(ROONEY) is just five yrs(according to the length of agreement)..Simply assets are the Revenue generating product. If Manchestor dont agree to ROONEY then perhaps future economic benefit will not flow to the enterprice by Grounds,Buildings,Material or whatever u mentioned ... agree..??
<BLOCKQUOTE id=quote><font size=1 face="Verdana, Tahoma, Arial" id=quote>quote<hr height=1 noshade id=quote>Now if You just take the example of Football Players they wont be Assets of the Enterprise (club or team)they would be considered as Employees and the money they take for the YEARS period would be considered as Prepaid Salary Expense, that would certainly become expense with the period of time.<hr height=1 noshade id=quote></BLOCKQUOTE id=quote></font id=quote><font face="Verdana, Tahoma, Arial" size=2 id=quote>
further more .. would u like to define me that what is the nature of PREPAID SALARY ....???????
chalo .... theek hai maan liaa k it is prepaid salary .. but this prepaid salary is considerd to be as a LONG TERM ASSET.
ASIF ALI
